By Kiku Steinfeld
Chicago, Nov. 18 – GS Finance Corp. priced $1.86 million of 0% autocallable buffered index-linked notes due April 1, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be automatically called at par plus 6% if the index closes at or above the initial index level on Sept. 27, 2021.
If the notes are not called and the index return is positive, the payout at maturity will be par plus 2 times the index return. Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% loss beyond 10%.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable buffered index-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $1,861,000
|
| Maturity: | April 1, 2022
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| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | If the notes are not called and the index return is positive, par plus 2 times the index return; par if the index falls by up to 10%; 1% loss for each 1% loss beyond 10%
|
| Call: | Automatically at par plus 6% if the index closes at or above the initial index level on Sept. 27, 2021
|
| Initial level: | 3,298.46
|
| Buffer level: | 90% of initial level
|
| Pricing date: | Sept. 25
|
| Settlement date: | Sept. 30
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 2.35%
|
| Cusip: | 40057CPH8
|
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